About Gearworks
Gearworks is a company based in Eagan (United States) founded in 1999 was acquired by Xora in August 2009.. Gearworks has raised $32.4 million across 2 funding rounds from investors including Xora, Split Rock Partners and Rho Capital Partners. Gearworks operates in a competitive market with competitors including AssetTrackr, Nrby, AboutTime Technologies, Dista and Uffizio, among others.
- Headquarter Eagan, United States
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of Gearworks
Gearworks has successfully raised a total of $32.4M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $21.4 million completed in February 2007. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $21.4M
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First Round
First Round
(08 May 2002)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2007 | Amount | Series B - Gearworks | Valuation | Split Rock Partners , Rho Capital Partners | |
| May, 2002 | Amount | Series B - Gearworks | Valuation | BlueStream Ventures , IGNITE |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gearworks
Gearworks has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Xora, Split Rock Partners and Rho Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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US venture capital investments are made across all stages.
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Founded Year | Domain | Location | |
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Early-stage tech startups are invested in by Rho Capital Partners.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gearworks
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Gearworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gearworks Comparisons
Competitors of Gearworks
Gearworks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AssetTrackr, Nrby, AboutTime Technologies, Dista and Uffizio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
GPS based vehicle tracking and fleet management solutions
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| domain | founded_year | HQ Location |
Location-based field force tracking software is provided for mobile workforces.
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| domain | founded_year | HQ Location |
Track and manage mobile resources and assets
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| domain | founded_year | HQ Location |
Provider of location intelligence platform for field force and delivery management
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| domain | founded_year | HQ Location |
Develops innovative GPS tracking technologies for fleet operators.
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| domain | founded_year | HQ Location |
Provider of IoT solutions for industries and health care using RTLS and RFID systems
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Gearworks
When was Gearworks founded?
Gearworks was founded in 1999 and raised its 1st funding round 3 years after it was founded.
Where is Gearworks located?
Gearworks is headquartered in Eagan, United States. It is registered at Eagan, Minnesota, United States.
Is Gearworks a funded company?
Gearworks is a funded company, having raised a total of $32.4M across 2 funding rounds to date. The company's 1st funding round was a Series B of $11M, raised on May 08, 2002.
What does Gearworks do?
Gearworks was founded in 1999 in Eagan, United States, focusing on the mobile technology sector. Location-enabled applications for business use were developed in partnership with wireless carriers, allowing customers to oversee mobile resources. Operations included products under the etrace, Field Force Manager, appmosphere, and OnCare brands. The company was acquired by Xora in 2009.
Who are the top competitors of Gearworks?
Gearworks's top competitors include AssetTrackr, Uffizio and Dista.
Who are Gearworks's investors?
Gearworks has 5 investors. Key investors include Xora, Split Rock Partners, Rho Capital Partners, BlueStream Ventures, and Ignite Group.